7 days ago
- Business
- New Straits Times
UHY to replace Grant Thornton as Cape EMS' external auditor
KUALA LUMPUR: Cape EMS Bhd has named UHY Malaysia PLT as its new external auditor, replacing its former auditor Grant Thornton Malaysia PLT which recently resigned.
In a filing with Bursa Malaysia, the company said UHY has the necessary expertise, experience, and capabilities to serve as its auditor and has been selected as the proposed external auditor, pending the completion of the formal appointment process.
"Further announcement will be made by the company once the appointment of UHY as the external auditors is finalised by the board," it said.
Grant Thornton resigned as Cape EMS' external auditor on May 29 due to resource constraints.
Cape EMS' share price fell 6.38 per cent, dropping 1.5 sen to close at 22 sen from the previous closing price of 23.5 sen, with 37.5 million shares changing hands and a market capitalisation of RM213.69 million.
